Housing Capital Corporation Of Virginia

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541594102 ✦ Richmond, VA ✦ Designated as a 501(c)(3)

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Overview

What is Housing Capital Corporation Of Virginia?

Housing Capital Corporation of Virginia is a nonprofit organization dedicated to addressing the issue of affordable housing within the Commonwealth of Virginia. Their primary focus is to finance and manage housing projects, with the ultimate goal of making affordable living options accessible to individuals in need. Through their mission, they work tirelessly to ensure that affordable housing is a viable option for those who might otherwise struggle to secure suitable accommodations. Their efforts span across the entire state, making a significant impact on the lives of many.

Is Housing Capital Corporation Of Virginia legitimate?

Housing Capital Corporation Of Virginia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Capital Corporation Of Virginia submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $415,313

For more financial information, click here

What is the mission statement of Housing Capital Corporation Of Virginia?

Housing Capital Corporation of Virginia, through its mission, aims to provide funding and manage affordable housing projects across Virginia. Their primary objective is to make affordable housing accessible for individuals who require it. The corporation finances and oversees these projects with the goal of addressing the housing needs of those in need within the Commonwealth.

Who is the CEO of Housing Capital Corporation Of Virginia?

Robert L Newman is the President of Housing Capital Corporation Of Virginia.

What is the revenue of Housing Capital Corporation Of Virginia?

Housing Capital Corporation Of Virginia's revenue in 2022 was $1,157,278.

Who are the executives of Housing Capital Corporation Of Virginia and what are their salaries?


Here are 4 key members and their salaries:


Robert L Newman (President)
  • Compensation: $0
  • Related: $198,039
  • Other: $45,124
Chris Sterling (Vice-President)
  • Compensation: $0
  • Related: $153,603
  • Other: $35,966
Bernard Rogers (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell V Parrish (Treasurer)
  • Compensation: $0
  • Related: $131,471
  • Other: $41,121
Where can I find the form 990 for Housing Capital Corporation Of Virginia?

Housing Capital Corporation Of Virginia's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Housing Capital Corporation Of Virginia

Housing Capital Corporation of Virginia is committed to funding and managing affordable housing projects across Virginia. Their primary objective is to make affordable housing accessible to individuals in need within the Commonwealth. By assuming this role, the corporation aims to contribute significantly to addressing the housing needs of less fortunate communities, thereby promoting social equity and well-being.

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Impact




October, 2024

Housing Capital Corporation of Virginia significantly impacts communities across the Commonwealth by funding and managing affordable housing projects. These efforts are crucial for individuals and families who struggle to find safe and stable housing. By providing financial resources and expertise, the organization helps develop housing solutions that meet the needs of low-income residents, promoting equity and improving quality of life. Through its initiatives, the organization plays a vital role in addressing the housing crisis, fostering sustainable communities, and ensuring that everyone has access to a place they can call home.




This information is meant to be a general summary of Housing Capital Corporation Of Virginia. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,157,278 (2022)
Expenses
$1,183,061 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,574
  • Program Service Revenue: $1,155,704
  • Gross Receipts: $1,157,278

Assets and Liabilities:

  • Total Assets: $1,774,842
  • Total Liabilities: $55,523
  • Net Assets: $1,719,319

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Asset Management

Revenue

$1,155,712

Other

Revenue

-$8

Organization Details

Founding Year

1991

Principal Officer

Robert L Newman

Main Address

1840 W Broad Street Suite 200, Richmond, VA, 23220

NTEE Category

Code: L20 - Housing

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